Letter of Comfort executed for Rs. 40 Crores towards subsidiary's credit facility
Max India has executed a Letter of Comfort for Rs. 40 Crores in favour of Aditya Birla Capital Limited, for the credit facility being availed by Antara Senior Living Limited, its wholly owned subsidiary.
By ScoutQuest · · 2 min read
- Letter of Comfort Amount
- Rs. 40 Crores
- Lender
- Aditya Birla Capital Limited
- Beneficiary Subsidiary
- Antara Senior Living Limited, its wholly owned subsidiary
Max India Ltd has executed a Letter of Comfort in favour of Aditya Birla Capital Limited for Rs. 40 Crores, in respect of the credit facility being availed by Antara Senior Living Limited (ASLL), a wholly owned subsidiary of the company.
What the update says
- The Letter of Comfort has been executed today, and the update records the time of occurrence of the event as 1948 Hours.
- It is in favour of Aditya Birla Capital Limited, described in the update as the Lender.
- The amount covered is Rs. 40 Crores.
- It relates to the credit facility being availed by Antara Senior Living Limited, a wholly owned subsidiary of the company.
Why this intimation has come now
- The company had earlier informed the exchanges on May 28, 2026 about the outcome of a meeting of its Board of Directors.
- This update is an update to that earlier intimation, covering the Lender and the execution of the Letter of Comfort.
- The company states that this is within the limits approved by the Board.
What a Letter of Comfort is
A letter of comfort is a written assurance given by a parent company to a lender in connection with a borrowing taken by its subsidiary. It indicates the parent's support for that borrowing. In this update, the key facts a reader can note are the amount involved, Rs. 40 Crores, and that it relates to a credit facility being availed by a wholly owned subsidiary.
Points to take away
- The disclosure concerns support extended for a subsidiary's credit facility, and the company states it is within limits already approved by the Board.
- The update is an update to an earlier intimation, with the newer elements being the execution of the Letter of Comfort and the naming of the Lender.
- The disclosure will also be hosted on the company's website, www.maxindia.com.
Also from Max India
Foundation and ISB launch SCALE senior-care research initiative; Antara joins as founding industry partner
13 Oct 2026
More numbers
- Amount of Letter of Comfort executed in favour of the LenderRs. 40 Crores
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